Corporate Banking Risk and Internal Controls Associate
Not Disclosed•Full-TimeOn-site
location_onPlanifyr
About the Role
The Commercial Banking & Lending Risk & Controls Associate serves as a pivotal member of the First Line of Defense (1st LOD), playing an integral role in the design, buildout, transformation, and implementation of a comprehensive Commercial Banking risk management framework. This position is dedicated to advising and overseeing business lines through the ongoing identification, assessment, and measurement of material risks and key controls.
The Commercial Bank encompasses lending, finance, and banking services focused on corporate and middle-market Commercial & Industrial (C&I) companies. The organization also delivers capital markets, foreign exchange, derivatives, treasury management products, and banking-as-a-service solutions. In this capacity, you will collaborate closely with the First Line Risk & Control team, while engaging with Operational Risk Management, Enterprise Compliance, and Enterprise Risk Management (2nd LOD), as well as Internal Audit (3rd LOD). Your work is critical to supporting the strategy of the Commercial & Private Bank by ensuring prudent risk and compliance management for Flagstar Bank, N.A.
Work location
Work model: On-site
Planifyr
Key Responsibilities
- check_circleSupport the buildout and implementation of the Commercial Banking risk management framework
- check_circleLead risk management assessments for new products and services and change management initiatives
- check_circleProvide risk advisory and guidance to Business Process Owners on control design and operating effectiveness
- check_circleMonitor key risk and control data, inventory, metrics, and reporting activities
- check_circleCollaborate with cross-functional teams to ensure timely delivery of required risk documentation
- check_circleDevelop and implement communication methods to keep employees informed of policy and regulatory updates
- check_circleConduct root-cause analysis and manage remediation of identified operational risk incidents and issues
- check_circleCreate and maintain policies, procedures, and user guides to mitigate risk and increase efficiencies
- check_circleEnsure compliance with enterprise policies and manage compliance risks within the bank's risk appetite
- check_circleEmbed risk culture across organizations through appropriate training regimens and communication
- check_circlePrepare comprehensive written reports summarizing findings and highlighting overall business risk
Requirements
- verifiedUndergraduate Degree in Finance, Economics, Business, Data & Analytics or similar
- verified6+ Years of risk and compliance experience
- verifiedExperience in Commercial Banking, associated Lending and Deposit products, or Compliance programs
- verifiedLarge Bank experience
- verifiedAbility to execute in change management environments
- verifiedExperience building programs / frameworks from the ground up
Nice to Have
Experience in Treasury Management, Capital Markets, and Derivatives. Demonstrated effectiveness in managing operational requirements, preferably in a Commercial Banking capacity. Understanding of Risk and Control Self-Assessments (RCSA) and Sarbanes-Oxley requirements. Understanding of Non-Financial Risk management and audit industry best practices. Understanding of laws and regulations impacting financial institutions. Ability to manage and execute multiple projects within required timelines. Experience defining and documenting business processes and functions.
Benefits & Perks
check_circleMedical, dental, vision, life, and disability insurancecheck_circleComprehensive leave program
Similar Job Opportunities
Skills, education and keywords
Skills: Risk Management, Compliance, Commercial Banking, Lending, Deposit Products, Treasury Management, Capital Markets, Derivatives, Operational Risk, Risk And Control Self-Assessments.
Education: Undergraduate Degree (4 years) in Finance, Economics, Business, Data & Analytics or similar.
Frequently asked questions about Corporate Banking Risk and Internal Controls Associate at Flagstar Bank
What does a Corporate Banking Risk and Internal Controls Associate at Flagstar Bank do?expand_more
Day-to-day, the Corporate Banking Risk and Internal Controls Associate at Flagstar Bank will support the buildout and implementation of the commercial banking risk management framework; lead risk management assessments for new products and services and change management initiatives; provide risk advisory and guidance to business process owners on control design and operating effectiveness; and monitor key risk and control data, inventory, metrics, and reporting activities.
What are the requirements for this Corporate Banking Risk and Internal Controls Associate role?expand_more
To qualify for the Corporate Banking Risk and Internal Controls Associate at Flagstar Bank position, applicants should have: Undergraduate Degree in Finance, Economics, Business, Data & Analytics or similar; 6+ Years of risk and compliance experience; Experience in Commercial Banking, associated Lending and Deposit products, or Compliance programs; Large Bank experience; Ability to execute in change management environments; and Experience building programs / frameworks from the ground up.
Where is the Corporate Banking Risk and Internal Controls Associate role at Flagstar Bank located?expand_more
Corporate Banking Risk and Internal Controls Associate at Flagstar Bank is based in Planifyr. This is a on-site role.
Is this Corporate Banking Risk and Internal Controls Associate job remote, hybrid, or on-site?expand_more
Flagstar Bank has listed this Corporate Banking Risk and Internal Controls Associate role as on-site.
How much experience is required for this Corporate Banking Risk and Internal Controls Associate role?expand_more
Corporate Banking Risk and Internal Controls Associate at Flagstar Bank typically requires 6+ years of relevant experience at the senior level.
What skills do you need for the Corporate Banking Risk and Internal Controls Associate role at Flagstar Bank?expand_more
Key skills for Corporate Banking Risk and Internal Controls Associate at Flagstar Bank include Risk Management; Compliance; Commercial Banking; Lending; Deposit Products; Treasury Management; Capital Markets; and Derivatives.
What education is required for Corporate Banking Risk and Internal Controls Associate at Flagstar Bank?expand_more
Educational requirements for this role: Undergraduate Degree (4 years) in Finance, Economics, Business, Data & Analytics or similar.
What category does the Corporate Banking Risk and Internal Controls Associate role belong to?expand_more
Corporate Banking Risk and Internal Controls Associate at Flagstar Bank is part of the accounting & finance job category on Recrutus.